CONTROLLER CITY OF EVANSVILLE AUDIT RESULT AND COMMENT OVERDRAWN CASH BALANCES Similar comments also appeared in prior Reports B43517, B44197, B45887, B47236, and B49088, entitled OVERDRAWN CASH BALANCES. The financial statement presented for audit included the following funds with overdrawn cash balances at December 31, 2017: The following funds contained cash deficit balances throughout the audit period: The cash balance of any fund may not be reduced below zero. Routinely overdrawn funds could be an indicator of serious financial problems which should be investigated by the unit. (Accounting and Uniform Compliance Guidelines Manual for Cities and Towns, Chapter 1) Amount Fund Overdrawn Golf Course 885,877 $ Sports Non-Reverting 212,313 Hospitalization 3,139,313 Number of Highest Months Ended in Month-End Deficit Balance Deficit Balance Fund During 2017 During 2017 General 10 17,721,934 $ Local Road And Street 1 137,828 Parking 11 241,210 Parks And Recreation 7 1,681,605 Rental Housing Inspection 10 15,494 Evansville Park Refunding 2010 3 25,204 Redevelopment – Victory 11 882,345 Parking Meter 1 3,351 Golf Course 12 1,017,740 Sports Non-Reverting 12 330,730 Hospitalization 12 8,404,362
